Angular Ventures is raising $25 million for Israel-Europe fund

Angular Ventures, led by Gil Dibner (ex-Index Ventures and DFJ Esprit), is raising up to $25 million for its debut fund, per an SEC filing.

Why it matters: Israel is known as a fertile ground for startups in sectors like cybersecurity, chips, and other hard tech.

But Dibner plans to focus on early-stage enterprise companies across Israel and Europe to maximize the Angular's chances of finding winners and generating outsized returns, a source familiar with his thinking tells Axios. Dibner declined to comment.

• Another unique aspect of Angular's approach is requiring that portfolio companies focus on the U.S. market, where their biggest potential business customers are, regardless of their origin or location, adds the source.